The Indian Rupee continued to fall on Tuesday and fell to 51.81/82 per dollar compared to Wednesday's close of 51.715/725.

The partially convertible rupee had fallen to 51.9250 in early trade amid global uncertainties. The continuous fall of the rupee has come after a weak performance by the domestic stock market due to investor concerns of slowing economic growth and slow policy response.

According to the dealers in the foreign exchange market, the comments by the RBI that it would take more steps if the rupee continues to decline and some selling of the American currency limited the decline of the Indian currency today.

Dealers are now saying that it will not be surprising to see the rupee move back to the 52 per dollar. Subir Gokarn, a deputy governor at the Reserve Bank of India hinted that the RBI would take steps if the fall in the value of the rupee goes out of control. He had earlier said that the central bank will use all tools available to control the fall in the value of rupee.

The rupee had touched a record low of 52.73 on Nov. 22 and has emerged as the worst performing currency in Asia in recent times.